derivatives

PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD

After the folding of the last period of mass labour mobilisation – the post-war Fordist boom – capitalism entered its terminal crisis, where fictitious money is increasingly dissociated from labour-mediated value. Already in the 1980s, the irreversible erosion of capital’s labour-substance, triggered by …

PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD

How Marxism today has to read Das Kapital and how it has to analyze the current capital relations.

Already for Marx, an important consequence concerning the extraction of surplus value in commodity production is that surplus value is transformed into what we call today an asset. The asset in this context is a means by which surplus value …

How Marxism today has to read Das Kapital and how it has to analyze the current capital relations.

Capitalism as a Mode of Power

Piotr Dutkiewicz: In a unique two-pronged dovetailing discussion, frequent collabora­tors and coauthors Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant approaches to studying the market – liberalism and Marx­ism – …

Capitalism as a Mode of Power

Financial Capital in the 21th Century / Introduction

published by Palgrave The world economy is still in a phase of secular stagnation with persistently low growth rates of real gross domestic product.[1] The postwar litanies of boundless economic growth repeatedly preached by the representatives of capital and the …

Financial Capital in the 21th Century / Introduction

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

The 2007-2008 financial crisis is without precedent in the post-war period, a factacknowledged by the majority of economists. At the same time, the crisis is a ‘marginalmoment’ which unveils and helps us rethink the workings of contemporary capitalism. Thelatter is …

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital

We present ht here, in three parts, a preliminary report on the book Speculative Capital, which contains the first comprehensive study of a new form of capital that dominates the economies of the 21st century. Throughout this report, we refer …

Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class, by D. Bryan and M. Rafferty, New York: Palgrave-MacMillan 2006. $ 85; pp. viii, 236 The book is a vitally interesting and innovative approach to finance, focusing on …

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

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